US-EU trade war fears reignite as Europe strikes back at Trump’s threat

Fears of a US-EU trade war have been reignited after Europe refused to back down in the face of fresh threats from Donald Trump. The word tariff has dominated much of the US president’s second term, and he has repeatedly and freely threatened countries with them. Money blog: Trump sends message to UK on energy bills This included the so-called “liberation day” last month, where he unleashed tariffs on many of his trade partners. On Friday, after a period of relative calm which has included striking a deal with the UK, he threatened to impose a 50% tariff on the…